By following these tips and staying up-to-date with the latest technology trends, you can position your SME for success in 2023 and beyond
A trial balance is a valuable tool for checking the accuracy of a company's accounting records and ensuring the reliability of its financial statements. By verifying the equality of debits and credits, identifying errors and discrepancies, and providing a starting point for financial statements. While it has some limitations, a trial balance is an important step in the accounting process and should not be overlooked. Preparing a trial balance is essential for ensuring the accuracy and reliability of a company's financial information.
A balance sheet is one of the most important financial statements for a business. It shows a company's assets, liabilities, and equity as of a specific date. In this blog post, we will break down what each section of the balance sheet means and give you tips on how to read and analyze it quickly.
Cash flow is the cash that enters a business as "income" from customers who purchase your goods and services. It leaves the business as "expenditure," such as rent, payroll, monthly loan payments, supplier payments, and so on.
10 Tips to Making a Better Inventory Management workflow: A blog around adding valuable tips in creating an ideal inventory management workflow that adds business value and streamline your processes.
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Introduction There are many steps that need to be taken before you can create an ideal inventory management workflow. There are many components that need to work together and without…
Some of the challenges that small business owners face are multi-tasking. From managing customers' relationships to managing the entire business operations, here are some of the top tips to help you manage your business effectively and stay on top of things in Nigeria's fast-growing economy.
We are pleased to announce the launch of the newly redesigned Tracepos website. It will go live on March 1st and will be located at the same address: https://www.tracepos.net The…
If you are a small business owner or a large retailer, you need to know how inventory management works. Inventory management is the process of tracking and controlling your company's inventory as it is purchased, manufactured, stored, and consumed. It controls the movement and flow of goods from supplier to storeroom to consumer. In today’s competitive retail environment, inventory management is one of the core skills that will help your business thrive. In this blog post, we will explore what inventory management is and how it affects your business.
What is a Journal Entries and why is it important? This article will help you understand how a journal can help you keep an accurate financial record
A General Ledger (GL) is an accounting term that refers to a record of all past transactions of a company that is organized by accounts.